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Bank Of Australia
The Bank of Australia was a failed financial institution of early colonial New South Wales formed in 1826 by a producers' and merchants' group as a rival to the Bank of New South Wales. Brian Fitzpatrick, ''British Imperialism and Australia 17831833 : An economic history of Australasia'' (1939, London, George Allen & Unwin Ltd). It was dubbed the "pure merino" bank because its share register included the plutocracy of the colony but excluded the ex-convicts who had been associated with the Bank of New South Wales.Vic Carroll, "The old, old story: the rich get richer while the rest go under", The Sydney Morning Herald, 22 May 1992, p 13 via factiva accessed 16 September 2011. When investors responded to the depression of the late 1830s by the abrupt withdrawal of capital leading to a chain of insolvencies, a number of colonial banks found that their unrestricted lending had sent prices land soaring as speculators borrowed to invest especially in urban areas. When the banks called ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westpac
Westpac Banking Corporation, known simply as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed to Westpac Banking Corporation. Westpac is one of Australia's Big Four (banks)#Australia, Big Four banks, and is Australia's first and oldest banking institution. Its name is a portmanteau of "Western" and "Pacific". As of 2021, Westpac has 14 million customers worldwide, and employs around 40,000 people. History Established in Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ... in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia. Edward S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Norton (New South Wales)
James Norton (27 July 179531 August 1862) was a solicitor and public figure in early colonial New South Wales. Admitted to practise in England, he arrived in Sydney in September 1818 where only four other attorneys were then practising. He was the founder of the first law firm in Sydney. He was a member of the first Legislative Council under responsible government in New South Wales in 1856, and drafted numerous laws. He held land at Mulgoa which was farmed and owned ''Elswick'', a 30 ha estate in what is now Leichhardt where he grew prize flowers and plants. He was a leading Sydney member of the Anti-Transportation League and a protectionist in whose cause he published a series of pamphlets. From Sussex to Sydney James Norton was born on 27 July 1795 in Hastings, Sussex, England. After legal training, he was admitted as an attorney. Signing on as captain's clerk, he arrived at Port Jackson in September 1818 per the ''Maria'' with capital of £800. He joined a small legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1843
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1826
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Australia
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Australia
The economic history of Australia traces the economic history of Australia since European settlement in 1788. 1788–1821 The European settlement of Australia began on 26 January 1788 at Port Jackson (modern Sydney, New South Wales), when the First Fleet arrived with more than 1,000 convicts, marines and a few free settlers, plus a vast quantity of stores to establish a penal colony in New South Wales. The United Kingdom claimed all of eastern Australian as its territory on the basis of terra nullius, though the actual landing and consequent settlement was initially confined to the Port Jackson area. According to the first census of 1788, as reported by Governor Phillip to Lord Sydney, the Home Secretary, the white population in the colony was 1,030, of which 753 were convicts and their children; the colony also had 7 horses, 2903 sheep, 749 swine, 6 rabbits, and 754 cattle. The Indigenous population was not counted or estimated, nor reported at that point. More settlers ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Australia (1788–1850)
The history of Australia from 1788 to 1850 covers the early British colonial period of Australia's history. This started with the arrival in 1788 of the First Fleet of British ships at Port Jackson on the lands of the Eora, and the establishment of the penal colony of New South Wales as part of the British Empire. It further covers the European scientific exploration of the continent and the establishment of the other Australian colonies that make up the modern states of Australia. After several years of privation, the penal colony gradually expanded and developed an economy based on farming, fishing, whaling, trade with incoming ships, and construction using convict labour. By 1820, however, British settlement was largely confined to a 100 kilometre radius around Sydney and to the central plain of Van Diemen's land. From 1816 penal transportation to Australia increased rapidly and the number of free settlers grew steadily. Van Diemen's Land became a separate colony in 1825, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sydney James Butlin
Sydney James Christopher Lyon Butlin (1910–1977) was an Australian economist and historian. He was born on 20 October 1910 in Eastwood, a suburb of Sydney, the second of six children of Australian-born parents, Thomas Lyon Butlin, an orchard farmer and railway porter and Sara Mary, née Chantler. He is the brother of notable economic historian, Noel George Butlin (1921–1991). Early life Around 1916, Butlin moved with his family to Singleton, where he attended public school. He went on to attend East Maitland Boys' High School (1923–27), where he was awarded dux. In 1926, when Butlin was 16 years old, his father was killed in a hit-and-run accident, leaving his wife and children penniless. This led to Butlin becoming the financial head of the household, with his mother and older sisters taking in washing to support the family. Career Butlin was awarded a public exhibition in 1928 and enrolled in economics at the University of Sydney (B.Ec., 1932). After being awarded many ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
